Banzai to acquire OpenReel for $19.6M in stock/warrants; pro forma TTM revenue $10.9M

Banzai International, Inc.

Acquisition consideration of $19.6M in BNZI Class A common stock and/or pre-funded warrants.
Pro forma TTM revenue of $10.9M, up 152% from prior period.
CEO Joe Davy, holding 85.64% voting power, signed voting agreement to support stockholder approval.
OpenReel adds enterprise video creation; customers include Bristol Myers Squibb, Ingram Micro, US Steel.
Closing expected December 2024, subject to Nasdaq listing and other customary conditions.

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